1423 GMT - Activist investor Elliott Management could publish a letter requesting incremental changes at BP, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. According to media reports, Elliott is dissatisfied with BP's strategic reset, believing it to be insufficient. The investment manager may request that BP spinoff its retail business and BPX, change directors, or initiate a management review, the analysts say. Elliott could also request the board publish a 1,000 word statement in the notice of its annual general meeting asking shareholders to vote against the re-election of board members, they add. The British oil major usually hosts its AGM in late April or early May. Shares trade up 0.9% at 434.90 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 09:23 ET (14:23 GMT)
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